The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit of ₦539 billion for August 2025, representing a 91.3% increase compared to the ₦185 billion posted in July.
According to the company’s Monthly Report Summary for August, revenue rose to ₦4.655 trillion, up from ₦4.406 trillion in the previous month. Despite operational challenges, NNPCL’s financial performance has remained strong.
Between January and July 2025, the company remitted ₦8.86 trillion into the Federation Account, further highlighting its central role in sustaining government revenue.
Oil and Gas Output Decline
The report revealed a fall in production volumes:
- Crude Oil: Averaged 1.65 million barrels per day in August, down 2.9% from 1.7 million barrels per day in July.
- Gas: Output dropped by 10%, recording 6,949mmscf/d in August against 7,722mmscf/d in July.
NNPCL attributed the decline to scheduled maintenance activities across upstream facilities, including Nigeria LNG’s Turn Around Maintenance (TAM). The company assured that joint efforts are underway to restore production levels.
Infrastructure Projects Progress
- The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has reached 84% completion, with multiple sites actively under construction.
- The Obiafu-Obrikom-Oben (OB3) Gas Pipeline is now 96% complete, with 113km already commissioned. The OB3 is currently delivering around 300mmscf/d of gas from producers such as AHL (250mmscf/d) and others including Platform, Chorus, and Xenergi (50mmscf/d).
NNPCL’s latest performance underscores its growing importance to Nigeria’s economy. While oil and gas output faces challenges from maintenance, theft, and underinvestment, the near completion of major gas infrastructure projects like AKK and OB3 is expected to boost supply, strengthen power generation, and support industrial growth in the coming years.
